Official Statistics
The impact of sterling depreciation on prices and turnover in the manufacturing sector
The recent spike in export prices following the devaluation of sterling caused turnover in manufacturing industries to rise. This article will draw attention to how industries within manufacturing have responded to currency movements. It will highlight how the value of export turnover has steadily increased since the event of the EU Referendum on 23 June 2016 for both big businesses and SME’s.
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Official statistics are produced impartially and free from political influence.
Published 15 September 2017